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10-22-2011, 10:20 PM #1
EU Bank Failures Will Crash Wall Street - AGAIN
http://www.marketwatch.com/story/eu-ban ... 2011-10-18
Paul B. Farrell Archives | Email alerts
Oct. 18, 2011, 12:01 a.m. EDT
EU bank failures will crash Wall Street — again
Commentary: 8 warnings for Washington and Occupiers
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By Paul B. Farrell, MarketWatch
SAN LUIS OBISPO, Calif. (MarketWatch) — Worst-case scenario’s closing fast: Occupy Wall Street growing. But no political power or allies yet. Feared yes, attacked by GOP proxy tea party. Soon the Occupation will explode into a new American Revolution.
When? A string of European bank collapses is dead ahead. And like the Arab Spring, they will trigger an economic disaster for American banks.
VIDEO ON LINK
http://www.marketwatch.com/story/eu-ban ... 2011-10-18
The big picture for global banks
Andrew Milligan, head of Global Strategy at Standard Life Investments, discusses the implications for banks as European officials try to hammer out a solution to the sovereign debt crisis.
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